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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sigmund who wrote (896)	4/1/1998 7:56:00 PM
From: Joe Copia	Respond to of 9824

Very legit questions !!! Joe PTG&LI !!!

To: Sigmund who wrote (896)	4/1/1998 8:25:00 PM
From: Whirlybird	Read Replies (1) \| Respond to of 9824

So many questions and if your reading Mr. Tilton, please respond. I think until the company comes and explains some of these news releases soon, we are going to continue to get clobbered. Long on TNRG (have to now that I am down so much) but a little frustrated right now. I have never seen such MM manipulation in any of my investments. After watching it almost all day long for two days now, I can make no sense other than someone is out to drive this stock down. I guess the only option I have left is to average down. Anyone with any new information? Tomorrow I guess I will call and try and get more out of Mr. Tilton. Will post if I receive them. The bird. (wounded but will fly again soon)

To: Sigmund who wrote (896)	4/1/1998 11:38:00 PM
From: Novice Bob	Read Replies (1) \| Respond to of 9824

Placing a value on a commercial property, the value is based on cash flow, not on brick and mortar (unless it has big problems)! Gross Rental Collections: $100,000 Tenant Reimbursements: $ 30,000 ________ Gross Income: $130,000 Expenses: Taxes: $10,000 Insurance: $ 5,000 Maintenance: $15,000 Misc.: $ 5,000 Management (4%): $ 5,200 ______________________ Total Expenses: <$40,200> Net Operating Income: $89,800 Cap Rate (note 1) ö 10% __________ Value: $898,000 (2) 1) Cap Rate is a ratio of the desired return on equity, equity & financing terms, it varies from typically 8% to 14%. Most difficult factor to determine, there is a formula to determine the Cap Rate. 2) Just an example somewhat simplified, a serious investor would project this out over several years and do a "discounted cash flow analysis" (IRR). I hope this is the kind of analysis they have already completed (the longer version) to determine the worth of this asset. As well as a market study. The quality of tenants determine the type of financing terms you will be able to achieve (thus figuring into the Cap Rate). Some input to how this type of asset is considered. A letter of intent is the first step, next is a formal purchase agreement. A seller of this type of asset is not going to go to a purchase agreement unless there is little doubt the prospective purchaser can perform. In other words, someone better have a track record and some pretty meaty financials, or the purchase agreement does not materialize. Robert PS: Maybe by posting news they are submitting a letter of intent on a project this size, it might be telling us something??? Going to a purchase agreement will answer a few questions. Sorry, tried to line all this up like an Income and Expense sheet, but the spacing does its own thing!